XML 50 R43.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Debt |
Long-term Debt |
|  | 2013 |  | 2012 |
--- | --- | --- | --- | --- | ---
Secured Credit Agreement: |  |  |  |  |  |  |
Revolving Credit Facility: |  |  |  |  |  |  |
Revolving Loans |  | $ | — |  | $ | — |
Term Loans: |  |  |  |  |  |  |
Term Loan A |  |  |  |  |  | 53 |
Term Loan B |  |  | 405 |  |  | 525 |
Term Loan C (81 million CAD at December 31, 2013) |  |  | 76 |  |  | 102 |
Term Loan D (€85 million at December 31, 2013) |  |  | 117 |  |  | 163 |
Senior Notes: |  |  |  |  |  |  |
3.00%, Exchangeable, due 2015 |  |  | 617 |  |  | 642 |
7.375%, due 2016 |  |  | 593 |  |  | 591 |
6.875%, due 2017 (€300 million) |  |  |  |  |  | 396 |
6.75%, due 2020 (€500 million) |  |  | 690 |  |  | 660 |
4.875%, due 2021 (€330 million) |  |  | 455 |  |  |  |
Senior Debentures: |  |  |  |  |  |  |
7.80%, due 2018 |  |  | 250 |  |  | 250 |
Other |  |  | 58 |  |  | 95 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total long-term debt |  |  | 3,261 |  |  | 3,477 |
Less amounts due within one year |  |  | 16 |  |  | 23 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Long-term debt |  | $ | 3,245 |  | $ | 3,454 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Carrying values of the liability and equity components of 2015 Exchangeable Notes |
|  | 2013 |  | 2012 |
--- | --- | --- | --- | --- | ---
Principal amount of exchangeable notes |  | $ | 644 |  | $ | 690 |
Unamortized discount on exchangeable notes |  |  | 27 |  |  | 48 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net carrying amount of liability component |  | $ | 617 |  | $ | 642 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Carrying amount of equity component |  | $ | 92 |  | $ | 93 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amount of interest expense recognized on the 2015 Exchangeable Notes |
|  | 2013 |  | 2012 |
--- | --- | --- | --- | --- | ---
Contractual coupon interest |  | $ | 20 |  | $ | 21 |
Amortization of discount on exchangeable notes |  |  | 18 |  |  | 18 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total interest expense |  | $ | 38 |  | $ | 39 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Information related to accounts receivable securitization program |
|  | 2013 |  | 2012 |
--- | --- | --- | --- | --- | ---
Balance (included in short-term loans) |  | $ | 276 |  | $ | 264 |
Weighted average interest rate |  |  | 1.41 | % |  | 1.33 | %
Fair values of the Company's significant fixed rate debt obligations |
|  | Principal Amount |  | Indicated Market Price |  | Fair Value |
--- | --- | --- | --- | --- | --- | --- | ---
Senior Notes: |  |  |  |  |  |  |  |  |  |
3.00%, Exchangeable, due 2015 |  | $ | 644 |  |  | 104.71 |  | $ | 674 |
7.375%, due 2016 |  |  | 600 |  |  | 112.76 |  |  | 677 |
6.75%, due 2020 (€500 million) |  |  | 690 |  |  | 116.50 |  |  | 804 |
4.875%, due 2021 (€330 million) |  |  | 455 |  |  | 105.04 |  |  | 478 |
Senior Debentures: |  |  |  |  |  |  |  |  |  |
7.80%, due 2018 |  |  | 250 |  |  | 116.50 |  |  | 291 |

X
- Definition This element represents carrying values of the liability and equity components of exchangeable notes. + References No definition available. + Details
Name: | oi_CarryingAmountOfExchangeableNotesTextBlock
Namespace Prefix: | oi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition This element represents amount of interest recognized on exchangeable notes. + References No definition available. + Details
Name: | oi_InterestExpenseOnExchangeableNotesTextBlock
Namespace Prefix: | oi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition This element may be used to capture the disclosure of fair values of significant fixed rate obligations as on the balance sheet date. + References No definition available. + Details
Name: | oi_ScheduleOfDebtInstrumentFairValueTextBlock
Namespace Prefix: | oi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition This element may be used to capture the information pertaining to receivables securitization program including the carrying values and the weighted average interest rate. + References No definition available. + Details
Name: | oi_ScheduleOfReceivablesSecuritizationProgramTextBlock
Namespace Prefix: | oi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration